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The price of hot rollings on the Chinese domestic market this week experienced a downward trend , while businessmen are trying to increase sales and hold back inventory , according to the Iran Steel Service Center .
World steel markets experts believe that with increasing Chinese steel production this month , market activists have no hope of improving the cash rolling market situation .
According to statistics , yesterday a inventory of hot rollings in 33 main ports of China is 3 million and 990 thousand tons that have remained stable after four weeks of downtrend . However , since market stock is not very high and iron ore prices are high , the sharp drop in prices on the Chinese rollings market seems unlikely .
Meanwhile , rebar prices are declining at the Beijing cash market in China , and traders have lowered prices of 2 - 3 dollars per ton willing to buy bett .
Experts say that as prices decrease in the winter , so , the price drop in the short - term is not far from expected . Rebar price on the Beijing cash market added 558 to US $ 561 at 17 % of the value added tax .
Undoubtedly , in December the recession and the reduction in construction activities would lower the demand of rebar , while increasing production and rise of market inventory will rise to higher prices .
Ahan Pouya with more than a decade of best-selling experience, adheres to professional and ethical principles in the field of selling and buying at inside and outside the borders of Iran, helping you in the steel industry.
